On May 20, DoorDash fell 3.29% in regular trading, trading at $149.54/share, with trading volume of $126 million, as the stock continued its post-earnings selloff trajectory.
On the news front, DoorDash's previously reported Q1 earnings showed revenue grew 33% year-over-year to $4.04 billion, missing the analyst consensus estimate of $4.15 billion, with the shortfall attributed to a lower-than-expected platform take rate. Meanwhile, the company's Q2 EBITDA guidance midpoint came in slightly below market expectations. Although adjusted EPS of $0.42 beat the $0.36 estimate, and multiple brokerages including CITIC Securities (target price raised to $172) and Rothschild&Co Redburn (target raised to $350) have maintained buy or overweight ratings, the fundamental overhang from the revenue gap and soft guidance continues to weigh on sentiment, driving sustained profit-taking among investors.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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